Zerohash, a U.S.-based provider of crypto and stablecoin infrastructure, has raised $104 million in a Series D-2 funding round led by Interactive Brokers, resulting in a $1 billion valuation. The funding attracted investments from notable institutions like Morgan Stanley, Apollo-managed funds, and SoFi, along with existing supporters such as PEAK6 and Nyca Partners. This brings Zerohash's total funding to $275 million. Founded in 2017, Zerohash creates APIs and compliance-ready infrastructure to help businesses integrate trading, stablecoin payments, tokenization, and settlement into their platforms, serving over five million users across 190 countries through partners including Stripe and DraftKings. The firm positions itself as the 'AWS of on-chain infrastructure,' catering to the growing interest from traditional banks and brokerages in stablecoins and tokenized assets. Morgan Stanley's investment aligns with its strategy to incorporate crypto trading for E-Trade clients by 2026, utilizing Zerohash for essential services.

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